Build up a rainy day fund that can outlast our non-stop rainy season. Simply Rewards – Saver lets you earn really high rates automatically — just link it to your Simply Rewards Checking – Cash account.

Details
  • Build your savings effortlessly
  • Links to free Simply Rewards Checking – Cash
  • Automatic transfers of Simply Rewards Checking – Cash earnings
  • 1.01% APY* on balances up to $50,000
  • 1.01% to 0.40% APY on balances over $50,000 depending on balance in account*
  • 0.01% APY* if qualifications are not met on Simply Rewards Checking – Cash
  • No monthly service fee
  • No minimum balance to earn rewards
  • Free online banking
  • Free eStatements
  • Free mobile banking**
  • $100 minimum deposit to open

Here’s how you qualify.

Qualifying for your Simply Rewards Checking – Cash rewards automatically qualifies you for the highest Simply Rewards – Saver rate, too. To earn your rewards, just do the following transactions and activities in your Simply Rewards Checking – Cash account during each monthly qualification cycle:

  • Have at least 1 preauthorized ACH debit or credit post and settle
  • Have at least 15 debit card purchases post and settle
  • Be enrolled in and agree to receive eStatements

Easy, wasn’t it? There’s never a penalty fee if you miss your monthly qualifications. You can get back to earning higher rates the very next cycle!

Put your savings on autopilot!

Do you currently have an account with Sound Community Bank?

Simply Rewards Checking Cash

*APY=Annual Percentage Yield. APYs accurate as of 01/16/18. Rates may change after account is opened. Minimum to open is $100. Fees could reduce earnings.

To meet the qualification requirements, the following transactions and activities must post and settle to your account during the Monthly Qualification Cycle: at least 15 debit card purchases, at least one preauthorized ACH debit or credit, and be enrolled in and receive eStatements. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The Monthly Qualification Cycle is not the same as the Statement Cycle.

If qualifications are met each monthly qualification cycle: (1) Domestic ATM fees incurred during qualification cycle will be reimbursed up to $25 ($5.00 maximum per single transaction) and credited to account on the last day of monthly statement cycle; (2) balances up to $10,000 receive APY of 2.01%; and (3) balances over $10,000 earn 0.50% interest rate on the portion of the balance over $10,000, resulting in 2.01% - 0.64% APY depending on the balance.

If qualifications are not met on Simply Rewards Checking – Cash all balances earn 0.01% APY and ATM fees are not reimbursed.

Simply Rewards Checking Cash with Saver

*APY=Annual Percentage Yield. APYs accurate as of 01/16/18. Rates may change after account is opened. Saver account must be opened with a Simply Rewards Checking-Cash account as a product bundle.  Interest earned and ATM fee refunds paid to the Simply Rewards Checking – Cash is automatically transferred to Simply Rewards – Saver each statement cycle. Minimum to open is $100 for Simply Rewards Checking-Cash and $5.00 for Simply Rewards-Saver. Fees could reduce earnings.

To meet the qualification requirements, the following transactions and activities must post and settle to your account during the Monthly Qualification Cycle: at least 15 debit card purchases, at least one preauthorized ACH debit or credit, and be enrolled in and receive eStatements. Transactions may take one or more banking days from the date transaction was made to post to and settle account. ATM-processed transactions do not count towards qualifying debit card transactions. "Monthly Qualification Cycle" means a period beginning one day prior to the first day of the current statement cycle through one day prior to the close of the current statement cycle. The Monthly Qualification Cycle is not the same as the Statement Cycle.

Saver: If qualifications are met each monthly qualification cycle balance up to $50,000 receive APY of 1.01% and balances over $50,000 earn 0.10% interest rate resulting in an APY for this tier ranging from 1.01% to .40%, depending on the account’s balance.

If qualifications are not met during the monthly qualification cycle, the APY is 0.01%.

**Standard carrier messaging or data rates may apply.